These are sample practice MCQs created for exam preparation. These are NOT official exam questions.
The price of a stock increased by 20% in Year 1 and decreased by 20% in Year 2. Quantity A: The final price. Quantity B: The original price.
Question:
The price of a stock increased by 20% in Year 1 and decreased by 20% in Year 2. Quantity A: The final price. Quantity B: The original price.
The price of a stock increased by 20% in Year 1 and decreased by 20% in Year 2. Quantity A: The final price. Quantity B: The original price.
Options
Answer: (B) Quantity B is greater
Explanation:
Let original price = P. After year 1: 1.2P. After year 2: 1.2P × 0.8 = 0.96P. Since 0.96P < P, final price is less than original.
Explanation:
Let original price = P. After year 1: 1.2P. After year 2: 1.2P × 0.8 = 0.96P. Since 0.96P < P, final price is less than original.
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